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Bryan J. Lima

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Top Stories by Bryan J. Lima

I'm sure there are many people asking the question, "Is now the right time to buy?". Nobody really knows for sure. However, there are some facts that you can look at to help evaluate whether or not now is the right time to buy. For one, mortgage rates are currently close to the lowest they've been in almost 50 years. In addition, home prices are low and probably close to the bottom. There may be a little more ways to go, but I think we're close. With the Spring homebuying season upon us, we may see an increase in sellers in the market, which will increase inventory and possible push home values even lower. Read more According to Federal Reserve Chairman Ben Bernanke, an economic recovery will not begin until next year. Read more Along with low home prices and low mortgage rates, there's also the First-Time Homebuyer Tax Credit of up to $8,000. This is an additional ... (more)

Mortgage Rates Rise Sharply

Over the past week mortgage rates have jumped drastically landing in the upper 5% range. Believe it or not, we are not very far from the 6.00% mark on a 30 year fixed mortgage. As of Thursday, the national average 30 year fixed mortgage was at 5.65% and from what I saw today, it only went up from there. Read more If you're looking to refinance, you may want to hold off and see if mortgage rates come back down. It's definitely a gamble and nobody really knows for sure what's going to happen in the short or even long term. Read more One thing is still certain; real estate continues t... (more)

Santa Claus is Coming to Oakland

The Oakland Fire Department will be shuttling Santa around this weekend.  According to Oakland Fire Chief Robert Knapp, "In addition to being a drop off point for the Oakland Police Departments PBA Toy Drive we will also be a drop off point for the Oakland Woman's Club Food Drive @ each stop. The toys and food that we collect will be distributed to Oakland residents in need. Your support for either cause would be greatly appreciated." Below is the schedule of stops for this Saturday and Sunday.  Keep in mind these times are approximate. Saturday, Dec. 22 10:40 a.m. Stone Fence Rd. ... (more)

Bergen County, NJ Real Estate Market

Real Estate on Ulitzer New Jersey's high cost of living makes it very difficult to purchase a home. Bergen County, NJ is the highest among all markets in homeownership affordability and also happens to be the most populous county in NJ. The median home price in Bergen County is $481,250. According to a 2007 estimate by the US Census Bureau, the median income of a family is just shy of $97,000. If you assume that not more than 28% of the household income should be used for the mortgage payment, that would mean that it should not be higher than $2,263 per month. Based on today's m... (more)

New Condo Listing - Paddington Square in Mahwah

Brand New Listing in beautiful Paddington Square located in Mahwah, NJ. $279,000 GREAT 1ST FLOOR ONE BEDROOM ONE BATH CONDO IN DESIRABLE PADDINGTON SQUARE. NEWER WOOD FLOORS AND CERAMIC TILE IN ENTRY FOYER AND KITCHEN. LIVING ROOM HAS SLIDING GLASS DOORS TO PATIO. NO STEPS. WASHER/DRYER IN UNIT. ASSIGNED PARKING SPOT #420 IN FRONT OF UNIT. AMENITIES INCLUDE TONS OF CONVENIENT PARKING, IN-GROUND POOL, PLAYGROUND AND CLUBHOUSE. PADDINGTON SQUARE IS CONVENIENTLY LOCATED CLOSE TO NYC TRANSPORTATION, MAJOR HIGHWAYS & SHOPPING. UNIT IS AWAY FROM STREET AND OFFERS QUIET LIVING. LOW TAXES ... (more)